Türk Ekonomi Bankası (TEB), with a loan book of approximately $9.5 billion, has chosen to implement the Provenir AI Decisioning platform to enhance its retail and small business lending operations. The platform will specifically focus on accelerating batch risk decisioning for large volumes of credit applications.
Headquartered in Istanbul, TEB will integrate Provenir’s solution across its range of retail and small business lending products, which include personal loans, credit cards, housing finance, SME loans, and trade finance facilities. Provenir’s low-code platform is designed to manage the entire customer lifecycle, encompassing real-time credit risk assessments, fraud prevention, compliance, onboarding, collections, and case management, in addition to batch decisioning capabilities.
Provenir’s technology is currently utilized by various financial institutions globally, such as invoice financing platform Figopara in Türkiye, automotive financing provider GoFii in the US, Atom Bank in the UK, and Ryt Bank in Malaysia.
Established in 1927, TEB is partially owned by Paris-headquartered banking group BNP Paribas. BNP Paribas acquired a 50% stake in TEB’s holding company, Çolakoğlu Group, in 2005 for $217 million. This partnership is credited on TEB’s website with expanding its retail and SME banking business lines. As of June 30, 2025, TEB manages $17.7 billion in assets.
